Bioventus has about 500 U.S. employees, including about 130 in Memphis. The firm expects to move its Memphis-based employees into Goodlett Farm’s larger space by February. The expansion will mean a $5 million investment and the creation of 44 new jobs.

A $300,000 building permit was recently filed with the city-county Office of Construction Code Enforcement for interior alterations to the existing office space, including the addition of a new exterior loading dock. Grinder, Taber & Grinder Inc. is the contractor.

The move enables Bioventus to consolidate its Memphis functions, including manufacturing, quality and human resources, said Anthony James, Bioventus vice president of operations and quality.

“It’s very close to the interstate, and just from a shipping and distribution standpoint, we want to be in the Memphis area,” James said. “A lot of medical device companies are in the Memphis area, a lot of medical device industry is developing in the Memphis area, so from that standpoint, it’s a strategic market and gives us the ability to get our products out to our customers quickly.”

“What Goodlett Farms Business Campus offers is a multi-tenant opportunity in what is primarily an owner-occupied corridor on Goodlett Farms Parkway,” Pembroke said. “We’ve had a lot of success over the last couple of years in attracting regional-type headquarters users at those buildings.”

Pembroke said Yusen had a termination option coming up in about two years, and was allowed to exercise that right early in order for Commercial Advisors to get space back and do a direct lease with Bioventus.

Commercial Advisors’ Jacob Biddle represented the sublease space occupied by Yusen that was terminated to make room for the Bioventus lease. Yusen still occupies about 30,000 square feet at Goodlett Farms.

The Class C warehouse is 35,000 square feet on nearly 2 acres. Built in 1969, its 2012 appraisal from the Shelby County Assessor of Property is $533,700.

Cates and Thomas handled the transaction.

Blocker & Wallace Service sells new and remanufactured parts for Gardner Denver industrial blowers at 1472 Rogers Ave. The company will remain there and expand into its newly acquired warehouse across the street, Thomas said.

Also, Blocker & Wallis’ $300,000 mortgage was filed with Regions Bank in conjunction with the purchase.

• Meanwhile, E’s 24 Hour Café signed a 1,100-square-foot lease in the former CK’s at 4969 Park Ave. near Mount Moriah Road.

E’s 24 Hour Café is owned by The Tushek Co. LLC, made up of Eric Tushek, who also owns four local TCBY stores, and his stepfather, Rip Crain. The restaurant – which inked its first lease in July at 4275 Summer Ave. and has since opened up in the old CK’s at 1308 Union – is similar in price point to the old Dobb’s House and CK’s Coffee Shop, yet slightly more upscale, Crain said.